EURJPY Forecast

The EURJPY continued its bearish momentum yesterday, bottomed at 101.45 and closed at 101.49. The bias remains bearish in nearest term testing 100.74. Immediate resistance is seen around 102.00 followed by 102.48. A clear break and daily close back above 102.48 would lead price to a neutral zone in nearest term as direction would become unclear but only a clear break and daily close back above 104.95 would stop the current bearish outlook.

GBPJPY  Forecast

The GBPJPY had a bearish momentum yesterday, bottomed at 120.49 and closed at 120.65. The bias is bearish in nearest term testing 119.35. Immediate resistance is seen around 121.00. A clear break above that area could lead price to neutral zone in nearest term but only a clear break and daily close above 122.62 could stop the current bearish intraday scenario and keep the double bottom bullish reversal scenario strong.

AUDUSD Forecast

The AUDUSD attempted to push higher yesterday, topped at 1.0161 but whipsawed to the downside and hit 0.9981 earlier today in Asian session. The bias is bearish in nearest term testing 0.9925 area. Immediate resistance is seen around 1.0050/80. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear testing 1.0149/61 resistance area. The double bottom bullish scenario remains valid but need a clear break at least above 1.0250 to continue the bullish scenario.

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